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Technical Analysis of Daily Price Movement of Filecoin Cryptocurrency, Friday September 27, 2024.
Technical Analysis of Daily Price Movement of Filecoin Cryptocurrency, Friday September 27, 2024.
Crypto-currencies
2024-09-27 06:21:34
From what is seen on the daily chart of the Filecoin Cryptocurrency, its price movement seems to be moving harmoniously within the Bullish Pitchfork channel that is diving upwards coupled with the appearance of hidden deviations between the Filecoin price movement and the Stochastic Oscillator indicator, especially supported by its price movement which is now moving above the EMA 21 & EMA 34 which also happens to have intersected the Golden Cross, then it is confirmed that Filecoin is currently being dominated by buyers where currently Filecoin in the next few days will try to test the 4.335 level and if this level is successfully broken and supported by quite good volatility and momentum, then Filecoin has the potential to continue its strengthening back to the middle line level of its Pitchfork and/or towards the 4.834 level as the next target, but all of these Bull scenarios will be invalid and canceled by themselves if on their way to the targets mentioned earlier there is suddenly a significant correction that breaks below the 3.492 level.
(Disclaimer)
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